International Expansion, Diversification and Regulated Firm Nonmarket Strategy

Previous studies have shown that regulated firms diversify for reasons that are different than for unregulated firms. We explore some of these differences by providing a theoretical model that starts by considering the firm-regulator relationship as an incomplete information issue, in which a regulated incumbent has knowledge that the regulator does not have, but the firm cannot convey hard information about this knowledge. The incumbent faces both market and nonmarket competition from a new entrant. In that context, we show that when the firm faces tough nonmarket competition domestically, going abroad can create a mechanism that makes information transmission to the regulator more credible. International expansion can thus be a way to solve domestic nonmarket issues in addition to being a catalyst for growth

The political economy of international regulatory convergence in public utilities

To what extent should public utilities regulation be expected to converge across countries? When it occurs, will it generate good outcomes? Building on the core proposition of the New Institutional Economics that similar regulations generate different outcomes depending on their fit with the underlying domestic institutions, we develop a simple model and explore its implications by examining the diffusion of local loop unbundling (LLU) regulations. We argue that: one should expect some convergence in public utility regulation but with still a significant degree of local experimentation; this process will have very different impacts of regulation

Strong Purcell effect observed in single thick shell CdSe/CdS nanocrystals coupled to localized surface plasmons

High quality factor dielectric cavities designed to a nanoscale accuracy are mostly used to increase the spontaneous emission rate of a single emitter. Here we show that the coupling, at room temperature, between thick shell CdSe/CdS nanocrystals and random metallic films offers a very promising alternative approach. Optical modes confined at the nanoscale induce strong Purcell factors reaching values as high as 60. Moreover the quantum emission properties can be tailored: strong antibunching or radiative biexcitonic cascades can be obtained with high photon collection efficiency and extremely reduced blinking.Comment: 16 pages, 7 figure

A Solve-RD ClinVar-based reanalysis of 1522 index cases from ERN-ITHACA reveals common pitfalls and misinterpretations in exome sequencing

Purpose Within the Solve-RD project (https://solve-rd.eu/), the European Reference Network for Intellectual disability, TeleHealth, Autism and Congenital Anomalies aimed to investigate whether a reanalysis of exomes from unsolved cases based on ClinVar annotations could establish additional diagnoses. We present the results of the “ClinVar low-hanging fruit” reanalysis, reasons for the failure of previous analyses, and lessons learned. Methods Data from the first 3576 exomes (1522 probands and 2054 relatives) collected from European Reference Network for Intellectual disability, TeleHealth, Autism and Congenital Anomalies was reanalyzed by the Solve-RD consortium by evaluating for the presence of single-nucleotide variant, and small insertions and deletions already reported as (likely) pathogenic in ClinVar. Variants were filtered according to frequency, genotype, and mode of inheritance and reinterpreted. Results We identified causal variants in 59 cases (3.9%), 50 of them also raised by other approaches and 9 leading to new diagnoses, highlighting interpretation challenges: variants in genes not known to be involved in human disease at the time of the first analysis, misleading genotypes, or variants undetected by local pipelines (variants in off-target regions, low quality filters, low allelic balance, or high frequency). Conclusion The “ClinVar low-hanging fruit” analysis represents an effective, fast, and easy approach to recover causal variants from exome sequencing data, herewith contributing to the reduction of the diagnostic deadlock

International expansion, diversification and regulated firms' nonmarket strategy

Previous studies have shown that regulated firms tend to diversify for different reasons than unregulated ones. This is the case for product but also for geographical diversification, i.e. international expansion. The logic generally advanced is that regulated firms tend to diversify when they face costly and difficult relationships with the regulatory authority in charge of their sector. This approach, however, does not explain (1) what is really at the core of the problem in regulated firms' relationships with regulators, (2) why these firms cannot overcome part of the problem by developing nonmarket strategies -lobbying, campaign contributions, etc.- to influence regulatory decisions, and (3) why they sometimes opt for international expansion rather than product diversification. In this paper, we propose a theoretical model that provides potential answers to these questions. We start by considering the firm-regulator relationship as an incomplete information problem, in which the firms know things that the regulator does not, but can cannot convey hard information about these things. In this setting, we show that when firms face tough nonmarket competition domestically, going abroad can create a mechanism that makes information transmission credible and therefore strengthen their position in their home market. International expansion, in consequence, can be a way to solve some of the problems that regulated firms face at home in addition to a way for these firms to grow their business abroad

Blinking suppression and biexcitonic emission in thick-shell CdSe/CdS nanocrystals at cryogenic temperature

International audienceThe fluorescence of single colloidal thick-shell CdSe/CdS nanocrystals (NCs), at cryogenic temperature (4 K) and room temperature (RT), is studied using the intensity autocorrelation function (ACF) and lifetime measurements. The radiative and Auger decay rates corresponding to the desexcitation of the charged biexcitonic state are determined through an original method of photon postselection. Especially, the charged biexciton quantum yield increases from about 15% at RT to 60% at 4 K. The high inhibition of Auger recombination already observed for the trion state of CdSe/CdS NCs at low temperature is also demonstrated for the charged biexcitonic state. At 4 K, the ACF is equal to 1 for time scales ranging from 50 ns to 200 ms. In contrast with RT operation, the intensity of the trion emission is then perfectly stable and no blinking is observed. All the results highlight the strong confinement of the charge carriers in the CdSe core

Unraveling the time cross correlations of an emitter switching between two states with the same fluorescence intensity

International audienceThe autocorrelation function of the fluorescence intensity of a nanoemitter is measured with the standard Hanbury-Brown and Twiss setup. Time-tagging of the photodetection events during all the experiment has opened new possibilities in terms of post-selection techniques that enable to go beyond the blinking and antibunching characterization. Here, we first present a new method developed to investigate in detail the antibunching of a fluorophore switching between two emitting states. Even if they exhibit the same fluorescence intensity, their respective amount of antibunching can be measured using the gap between their respective decay rates. The method is then applied to a nanoemitter consisting in a colloidal quantum dot coupled to a plasmonic resonator. The relative quantum efficiency of the charged and neutral biexcitons are determined

Measuring the orientation of a single CdSe/CdS nanocrystal at the end of a near-field tip for the realization of a versatile active SNOM probe

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Photon-correlation Fourier spectroscopy of the trion fluorescence in thick-shell CdSe/CdS nanocrystals

International audienceThe emission spectrum of the trion state in very thick shell CdSe/CdS nanocrystals is characterized at 4 K by photon correlation Fourier spectroscopy. A value of 50 μeV for the width of the zero phonon line is measured. The absence of blinking and the high photostability of these emitters offer the possibility to investigate the dynamics of the emission spectrum at a time scale as short as 250 ns. We show that the high value of the linewidth (50 μeV) is not due to spectral diffusion induced by the close environment of the emitter at time scales larger than 250 ns. The broadening is attributed to the additional third carrier when compared to the monoexcitonic state